Super Group posts 6% rise in Q4 net profit, proposes bonus issue
Published on Feb 24, 2014 6:37 PM
Instant food and beverage maker Super Group saw its net profit for the fourth quarter rise 6 per cent to $22.6 million, compared with a year ago.
The company also proposes a one-for-one bonus issue to reward shareholders for their loyalty and continuing support.
The higher profit was mainly due to higher gross profit margin and and higher other income.
Sales slipped 1 per cent to $153.3 million for the three months to Dec 31, mainly due to to lower food ingredients sales, but partially offset by higher branded consumer sales.
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